SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MARTIN WILLIAM C

(Last) (First) (Middle)
TEN PRINCETON AVENUE

(Street)
ROCKY HILL NJ 08553

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DERMA SCIENCES, INC. [ DSCI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2013
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 (1) 01/01/2013 J (2) 508,621 D (2) 0 I By Raging Capital Fund, LP
Common Stock, par value $0.01 (1) 01/01/2013 J (2) 1,332,557 D (2) 0 I By Raging Capital Fund (QP), LP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series J Warrants (right to buy) (1) $6.16 01/01/2013 J (2) 200,893 (3) 05/31/2013 Common Stock 200,893 (2) 0 I By Raging Capital Fund (QP), LP
Series K Warrants (right to buy) (1) $9.6 01/01/2013 J (2) 125,000 (3) 04/01/2013 Common Stock 125,000 (2) 0 I By Raging Capital Fund (QP), LP
Series O Warrants (right to buy) (1) $5.5 01/01/2013 J (2) 128,166 (3) 02/22/2015 Common Stock 128,166 (2) 0 I By Raging Capital Fund (QP), LP
Series R Warrants (right to buy) (1) $9.9 01/01/2013 J (2) 127,272 (3) 06/24/2016 Common Stock 127,272 (2) 0 I By Raging Capital Fund (QP), LP
Series O Warrants (right to buy) (1) $5.5 01/01/2013 J (2) 70,491 (3) 02/22/2015 Common Stock 70,491 (2) 0 I By Raging Capital Fund, LP
Series R Warrants (right to buy) (1) $9.9 01/01/2013 J (2) 44,342 (3) 06/24/2016 Common Stock 44,342 (2) 0 I By Raging Capital Fund, LP
1. Name and Address of Reporting Person*
MARTIN WILLIAM C

(Last) (First) (Middle)
TEN PRINCETON AVENUE

(Street)
ROCKY HILL NJ 08553

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Raging Capital Management, LLC

(Last) (First) (Middle)
TEN PRINCETON AVENUE

(Street)
ROCKY HILL NJ 08553

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Raging Capital Fund, LP

(Last) (First) (Middle)
TEN PRINCETON AVENUE

(Street)
ROCKY HILL NJ 08553

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Raging Capital Fund (QP), LP

(Last) (First) (Middle)
TEN PRINCETON AVENUE

(Street)
ROCKY HILL NJ 08553

(City) (State) (Zip)
Explanation of Responses:
1. This Form 4 is filed jointly by Raging Capital Fund, LP ("Raging Capital Fund"), Raging Capital Fund (QP), LP ("Raging Capital Fund QP"), Raging Capital Management, LLC ("Raging Capital") and William C. Martin. Each of Raging Capital and Mr. Martin disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
2. Effective January 1, 2013, Raging Capital Fund assigned the securities of the Issuer held by it to Raging Capital Fund (QP). Immediately thereafter, Raging Capital Fund (QP) contributed the securities of the Issuer held by it to Raging Capital Master Fund, Ltd. ("Raging Master"), an affiliate of Raging Capital. Such assignment and contribution were effected in connection with an internal restructuring implemented by such entities. As the investment manager of Raging Master, Raging Capital may be deemed to beneficially own the securities of the Issuer owned directly by Raging Master. As the managing member of Raging Capital, Mr. Martin may be deemed to beneficially own the securities of the Issuer owned directly by Raging Master. As a result of such assignment and contribution, Raging Capital Fund and Raging Capital Fund QP are no longer subject to the reporting requirements of Section 16 with respect to the securities of the Issuer.
3. The Warrants are currently exercisable.
By: /s/ Frederick C. Wasch as attorney-in-fact for William C. Martin 01/03/2013
By: Raging Capital Management, LLC, By: /s/ Frederick C. Wasch as attorney-in-fact for William C. Martin, Managing Member 01/03/2013
By: Raging Capital Fund, LP, By: Raging Capital Management, LLC, General Partner, By: /s/ Frederick C. Wasch as attorney-in-fact for William C. Martin, Managing Member 01/03/2013
By: Raging Capital Fund (QP), LP, By: Raging Capital Management, LLC, General Partner, By: /s/ Frederick C. Wasch as attorney-in-fact for William C. Martin, Managing Member 01/03/2013
** Signature of Reporting Person Date
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